3 secrets to employee retention and executive development

first_imgWith the unemployment rate hitting a 50-year low of 3.6%, credit unions across the nation are competing like never before in a highly fluid job market. A 2018 Gallup pollfound that 51% of U.S. workers were looking for or applying for a new job, and with several top-tier banks raising their minimum wages to $15 per hour, wage pressures are growing.Average turnover rates for banks and credit unions peaked at 19.7% in 2018, according to BalancedComp’s annual salary and incentive survey. Average pay increase projections for 2019 reflect “the fastest market rate movement we have seen in eight years and definite proof that the typical 3% labor budget is not going to be adequate to stay competitive.”The community-focused mission of credit unions does a lot to increase loyalty among employees, but these days, employee retention, training and development, and succession planning are front-burner issues for many HR executives. ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr continue reading »last_img read more

Otto takes remaining interest in Gulf of Mexico lease

first_imgAustralia-based oil and gas company Otto Energy has acquired the remaining 50% working interest in the VR 232 license located in the U.S. Gulf of Mexico from Byron Energy.Otto said on Thursday that the lease is subject to a 12.5% Federal Government royalty and the lease rental is $31,681 per annum. The lease expires in June 2023.VR 232 is adjacent to South Marsh Island Block 71 (SM 71) oil field and production platform. Byron is the operator of the SM 71 and Otto is a partner with a 50% interest. The platform has capacity to produce up to 5,000 bopd from up to six wells.Over 2 Bcf of gas and 30 Mbbls of oil have been produced from VR 232 between 1995 and 1997, according to Otto.Otto has recently acquired a modern 3D seismic data set over the SM 71 area (including VR 232) and part of the work being done will focus on the prospectivity of VR 232 given its proximity to SM 71.Otto Energy’s Managing Director, Matthew Allen, commented: “Otto is pleased to take its interest in VR 232 to 100% and assume operatorship of the license. Otto’s geoscience team have significant experience in the area with strong local prospect calibration.“There is the potential for any discoveries from VR232 to be within tie-back range of our SM 71 facility where there is with capacity for up to 5,000 bopd and six wells.”Spotted a typo? Have something more to add to the story? Maybe a nice photo? Contact our editorial team via email. Offshore Energy Today, established in 2010, is read by over 10,000 industry professionals daily. We had nearly 9 million page views in 2018, with 2.4 million new users. This makes us one of the world’s most attractive online platforms in the space of offshore oil and gas and allows our partners to get maximum exposure for their online campaigns. If you’re interested in showcasing your company, product or technology on Offshore Energy Today contact our marketing manager Mirza Duran for advertising options.last_img read more

MLB Winter Meetings: Everything you need to know about the MLB off-season’s busiest time

first_img Where: Hilton San Diego Bayfront When: December 8-12 LIVE TV Last Updated: 7th December, 2019 17:20 IST MLB Winter Meetings: Everything You Need To Know About The MLB Off-season’s Busiest Time The MLB winter meetings are set to happen at San Diego on Sunday, December 8, 2019. Here’s everything to know about the busiest week of the MLB off-season COMMENT Written By The MLB winter meetings are all set to kick off on Sunday in San Diego. Traditionally, the winter meetings are the four busiest days of the offseason. Last season, there were four trades and ten free-agent signings including the likes of Andrew McCutchen, Charlie Morton and the three-team trade of Carlos Santana and Edwin Encarnacion. MLB winter meetings main events: First Published: 7th December, 2019 17:20 IST Modern Era Hall of Fame Class announcement: Tommy John, Don Mattingly, Steve Garvey,  Marvin Miller, Dale Murphy, Dave Parker, Dwight Evans, Ted Simmons, Thurman Munson, and Lou Whitaker are the candidates to be deliberated by the Modern Baseball Era Committee to receive the Hall of Fame honour in the Class of 2020. Professional Baseball Employment Opportunities (PBEO) Job Fair: The PBEO Job Fair is a prospect for job hunters to come across team representatives and even have an interview. The agenda and registration info can be found on the official PBEO website. The majority of available positions are entry-level with minor league teams. Baseball Trade Show: The trade show is one of the most exciting parts of the MLB winter meetings. Dealers from around the country show off their products ranging from equipment to concessions to bobbleheads. You can find out more about the trade show on their official website. Bob Frietas Business Seminar and Awards Gala: The seminar features guest lecturers from both inside and outside the world of baseball alongside informal workshops. The Awards Gala consist of the presentation of the Bowie Kuhn Award, the Baseball America Organization of the Year award and a variety of Scout of the Year awards amongst other things.center_img SUBSCRIBE TO US WATCH US LIVE The MLB and minor league teams are presently negotiating a new Professional Baseball Agreement. MLB has suggested disregarding 42 minor league teams as part of a sizeable overhaul of the minor league. The minor league teams are quite understandably not in agreement with the proposal. The PBA terminates after next season and this week’s negotiations could be quarrelsome.Also Read: MLB Trade Rumours: Zack Wheeler, Philadelphia Phillies Agree To 5-year DealThe first-ever All-MLB Team to be unveiled at the 2019 MLB Winter meetingsThe 2019 MLB Winter Meetings will see the revelation of the first-ever All-MLB Team. The All-MLB Team will mirror performances from last season, and there will be one solitary All-MLB Side covering both the leagues. The American League and the National League won’t have separate teams. The team will be selected through a combination of fan voting and a panel including journalists, former players and baseball officials. Fan voting closes a week earlier. The All-MLB team will be announced on Tuesday and will include a catcher, a first baseman, a second baseman, a shortstop, a third baseman and three outfielders regardless of their outfield positions, a DH, five starting pitchers and two relief pitchers.Also Read: New York Yankees Owner Hal Steinbrenner Believes Brett Gardner Would Be Perfect FitMLB winter meetings: A window for potential tradesThe winter meetings are the busiest days of the offseason because of the potential trades that could happen. All officials, including the team owners, general managers, president of baseball operations are at the meetings, meaning there will be a whole lot of face-to-face discussions and trading buzz. A lot of free-agent signings and trades take place.All MLB managers interact with the media during the MLB Winter Meetings to provide a “state of the team” press conference. It’s generally the first time that the managers are quizzed on their new acquisitions. A position change or injury update comes out once in a while during these sessions.Also Read: MLB Trade Rumours: New York Yankees Consider Gerrit Cole, Stephen Strasburg MoveMLB winter meetings: The Rule 5 draftThe annual Rule 5 Draft will signal the unofficial end of the Winter Meetings next Thursday. Players selected in the Rule 5 Draft must continue to be on their new team’s active 26-man MLB roster during the entire 2020 season or be placed on waivers and offered back to their former franchise. Players not on any 40-man roster are eligible for Rule 5 draft selection. It serves a medium to give minor leaguers blocked in their current organisation, a shot at the big leagues. This year’s pool of qualified players includes: Sreehari Menon Also Read: MLB Trade Rumours: Texas Rangers Could Sign New York Yankees Player Miguel AndujarHere’s everything to know about the 2019 MLB Winter Meetings Players recruited out of high school in 2015 or earlier. Players enrolled out of college in 2016 or earlier. Players contracted as international free agents in 2015 or earlier. FOLLOW USlast_img read more